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Search Results 0 to 11 of about 12 (some duplicates have been removed)
during the obama administration. rick, romney may have been running for president forever, but obama has been president for almost -- you know, for 3 1/2 years. >> and it seems forever. >> only to some of us. >> we're not going get the median incomes up until income growth up. simplification has been to do be done. obama takes no interest in this. rick, when was the last time you even heard president obama talk about growth? >> let me actually switch -- let me switch to mark now. mark, what do you think of the obama tax plan? >> well, look, i don't know if obama has really a tax plan, but i don't think the problem is taxes here. i think the problem is people don't have an income. the reason they don't have an income, they don't have jobs. we have a demand problem in the economy, not a tax problem. cutting taxes, if you have no income, does not make any difference. we need to stimulate demand. how can we stimulate demand? we can do it in a variety of ways, but cutting taxes is not going to get us where we want to go. >> victoria, the message of mitt romney, and a lot of people, is if you
8% since president obama took office. now governor romney is out saying his plan to overhaul our massive tax code will put more money back in your pocket, but will it work? hi, everybody. welcome to "forbes on fox." steve, what do you think of this romney tax plan? >> it increases take-home pay, middle class family, $2,000 extra in their take-home pay, and more importantly it reduces the price of doing work, being productive and taking risks. lowering that price, lowering tax rates. that's the way to get the economy going. worked for kennedy, for reagan, worked in the early part of the last decade. it will work again. >> we have to do something. since the recovery began, by the way, june 2009, household incomes are down 5.7%. that's since the recovery. when you're in a recovery, incomes are supposed to go up. >> yeah. what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's do
. that's what obama's plan would do and not what you want to do. that hurts the economic recovery and if you look at jobs report it remains so dismal despite being the third year of recovery. >> victoria, i was looking for figures as mike talking. by 2007, 79 percent of the businesses in america were pass through entitis and four million s-corps but the bottom line, that means a lot of small businesses are filing as individuals that means the small businesses would get hit by the tax increases. >> sure, small businesses get hit and that is a higher cost of the doing day-to-day business and that means they will hire less and that is bad news for the economy overall. if you are talking about the notion of economic patriotism. top 10 percent are paying 70 percent of the federal income taxings. would it be 95 percent more fair and half a million americans who are not paying tax are not they patriots. >> they are patriots and we forget those americans are paying taxes not always income taxings. rich, that is not the code we are speaking in. only republicans understand that heavy mumbo,
that morgan pointed out we correctly needed. obama doesn't understand that. he thinks by increasing entitlements, you'll give people more money and that will revive the economy. that has never worked. what works is investment in businesses that create the jobs. then you don't need to spend so much on entitlement spending. that's the way to go. >> steve? >> and couple of things to keep in mind, the poverty rate was falling very rapidly in this country 50 years ago when the poverty program came in. we made very little progress since then. two, we're spending $20,000 per person on all of these entitlement programs. why not give them the cash if that's what you want to do? i would rather have them go for vouchers, scholarship, school choice and improve the public cools by allowing parents to choose the school. >> one thing that was changed by the welfare act, in the old system before clinton signed that welfare reform act, the more people that stayed enroll in afdc, the more money it got. that changed. fixed amount of money went to the states and they weren't sort of rewarded by adding
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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